Xcite Energy Limited ("Xcite Energy" or the "Company") Exercise of Share Warrants
January 04 2011 - 1:01AM
Marketwired
This Announcement Is Not for Release, Publication or Distribution
in or Into the United States.
The Company (TSX-V: XEL) (LSE: XEL) (AIM: XEL) announces that
application has been made for the admission to AIM ("Admission") of
150,000 new ordinary shares without par value in the Company
("Ordinary Shares"), pursuant to the exercise of warrants. The new
Ordinary Shares shall rank pari passu with the Company's existing
issued Ordinary Shares and dealings are expected to commence on
January 6, 2011.
Following Admission, the Company's enlarged issued share capital
will comprise 158,603,998 Ordinary Shares with one voting right per
share. There are no shares held in treasury. The total number of
voting rights in the Company is therefore 158,603,998.
This figure of 158,603,998 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FSA's Disclosure and Transparency Rules.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ENQUIRIES: Xcite Energy Limited +44 (0)1330 826740
Richard Smith Chief Executive Officer Rupert Cole Chief Financial
Officer Arbuthnot Securities Limited (Nomad and Broker) +44
(0)20 7012 2000 Antonio Bossi Director Pelham Bell Pottinger
+44 (0) 20 7861 3232 Mark Antelme Director Henry Lerwill Paradox
Public Relations +1 514 341 0408 Jean-Francois Meilleur
Consultant
Xcite Energy Limited (TSXV:XEL)
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